Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,657,341 members, 6,236,779 topics. Date: Sunday, 11 April 2021 at 01:41 AM

USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels - Phones - Nairaland

Nairaland Forum / Science/Technology / Phones / USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels (26795 Views)

USSD: MTN Snubs Banks, Links 77 Million Subscribers To FINTECH Platforms / Leaked Memo Shows Banks Asked Telcos To Charge For USSD (pics) / USSD Charges: MTN, Nigerians React To The Introduction (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by Doraty1(f): 2:15pm On Apr 04
After 48 hours of disconnecting MTN customers from banking channels including the Unstructured Supplementary Service Data and banking apps, commercial banks on Sunday have reconnected MTN customers to banking channels, The PUNCH can confirm.

Our correspondent gathered that the development followed the intervention of the Minister of Communications and Digital Economy, Isa Pantami; and the Governor of the Central Bank of Nigeria, Godwin Emefiele.

The PUNCH had reported that the banks blocked MTN customers on Friday, leaving millions of MTN subscribers frustrated as they were unable to recharge airtime via USSD amid the Easter celebrations.

MTN, with about 77 million subscribers, making up about 45 per cent of the total telecommunication market share in Nigeria, is arguably the largest telecommunication operator in the country.

The blockade occurred when the telco reduced the banks’ commission from 4.5 per cent to 2.5 per cent. The banks had written MTN to revert to the old commission, otherwise, they would block MTN airtime in all their channels.

The banks, except Zenith Bank which was connected directly to MTN, subsequently blocked MTN from their banking channels, leaving millions of customers stranded as they were unable to recharge virtually.

MTN had explored alternative electronic payment platforms such as Flutterwave, Jumia Pay, OPay, Kuda, Carbon and BillsnPay for customer to recharge their phones.

https://punchng.com/breaking-ussd-war-banks-unblock-mtn-reconnect-telco-to-banking-channels/?utm_medium=Social&utm_source=Twitter&amp&utm_medium=Social&utm_source=Twitter&__twitter_impression=true

7 Likes 1 Share

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by southniyikaye(m): 2:27pm On Apr 04
Na bank go loose Las Las.
Mtn already switched its consumers to finteck

50 Likes

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by alizma: 2:28pm On Apr 04
My money is trapped between UBA and MTN since 3days now. At the end of the day, the poor masses will be made to suffer the loss resulting from their selfishness while they go ahead to declare bogus profits for themselves.

14 Likes 1 Share

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by festacman(m): 2:30pm On Apr 04
Hahaha! Banks in panic mode. The future is neither feminine nor masculine. It is FINTECH. Fintech, baby!

91 Likes 4 Shares

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by 9jayes: 2:40pm On Apr 04
Wahala for who dey use MTN

3 Likes 1 Share

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by Bornsinner7: 2:40pm On Apr 04
Back to business
Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by blazepascal(m): 2:40pm On Apr 04
sadissorite
Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by Aidejay(m): 2:41pm On Apr 04
Our correspondent gathered that the development followed the intervention of the Minister of Communications and Digital Economy, Isa Pantami; and the Governor of the Central Bank of Nigeria, Godwin Emefiele.


So they are not totally useless after all.

5 Likes

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by Officialhorlah(m): 2:41pm On Apr 04
See mumu and mumugrin

1 Like

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by Marvieduke(f): 2:41pm On Apr 04
Truth is we have a failed system in this country.

1 Like 1 Share

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by shankara7: 2:42pm On Apr 04
MTN lost a lot of money in 48hrs

27 Likes

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by edoairways: 2:43pm On Apr 04
Perkinkis:
Banks have started feeling heat.I am very sure if it was just the masses feeling the heat the matter will still be under review and they will have to form a committee to look into it.
They didn't feel anything
Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by paulolee(m): 2:43pm On Apr 04
all man de chase profit inrespective of wat d oda parties tink or say
Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by Patrioticman007(m): 2:43pm On Apr 04
Cartels vs Cartels

12 Likes

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by NairaLEARN: 2:43pm On Apr 04
If not for our thieving leaders.MTN is not supposed to be in Nigeria

They keep stealing from millions of Nigerians including me

But after typing this

I will still sub for 6k data and MTN will still steal it..

MTN Data na big scam


But man has no choice

Base on my location


Na MTN and NTEL get me

But network are not reliable

For one to stay online when the other fuckup

I keep recharging both spending over 24k and more monthly


May God help millions of Nigerians

Edey pain when billionaire steal from Poor Nigerians, That MTN and Nigeria Government has been doing for decades

May God punish them

9 Likes

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by Thegamingorca(m): 2:44pm On Apr 04
Fintech is the way make the bankers too grow lean

1 Like

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by KillerBeauty(f): 2:44pm On Apr 04
Can't buy airtime , can't transfer money.
All these have to happen during the Easter holidays

1 Like

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by edoairways: 2:44pm On Apr 04
shankara7:
MTN lost a lot of money in 48hrs
Most Nigerians don't use this platform

1 Like

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by 99thEnemy(m): 2:45pm On Apr 04
Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by felixedet(m): 2:45pm On Apr 04
Perkinkis:
Banks have started feeling heat.I am very sure if it was just the masses feeling the heat the matter will still be under review and they will have to form a committee to look into it.


Greed whenever the masses are involved....
FG of Buhari and his fulani brothers is even worse.

1 Like 1 Share

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by Seniorwriter(m): 2:46pm On Apr 04
Good for all
Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by iceberylin(m): 2:47pm On Apr 04
Who's the pussy here�
Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by Xscape047: 2:47pm On Apr 04
angry
Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by DonHummer(m): 2:47pm On Apr 04
Those banks do meeting untop MTN head, they know how much MTN is making from ussd recharges, and yet MTN wants to pay less. Truth be told if banks should stop MTN from recharging through USSD, MTN will lose alot because people do over spend on airtime since it became very convenient to recharge through USSD.

2 Likes

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by Duplexxx: 2:47pm On Apr 04
All this are politics we the masses we surfer it

1 Like

Re: USSD War: Banks Unblock MTN, Reconnect Telco To Banking Channels by TBadd(m): 2:48pm On Apr 04
Lol

(1) (2) (3) (Reply)

My Tecno Spark Experience (battery Life) / Celtel Web Activation & Settings! / Which Nigerian Network Has The Cheapest Call Tariff?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 65
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.